EURUSD: Euro continues printing new lows vs the greenback

Page 1 of 3 123 LastLast
Results 1 to 10 of 30

Thread: EURUSD: Euro continues printing new lows vs the greenback

  1. #1
    Member
    Join Date
    Oct 2013
    Location
    Malta
    Posts
    47
    Thanked: 0

    Default EURUSD: Euro continues printing new lows vs the greenback

    EURUSD: Euro continues printing new lows vs the greenback
    The Euro started new trading week with a drop to 11-year lows against the greenback as the anti-austerity party won Sunday?s elections in Greece.

    Why Greeks? choice to elect the anti-austerity party Syriza matter to the Euro? Well, its party leader Mr. Alexis Tsipras vowed to renegotiate the terms of the Greece?s bailout package received from Troika over the last few years and reverse some of the measures imposed. Although Greece is one of the smallest members of the Euroland it surely will test the model of the EU. As if those negotiations will go ahead with a positive for Greece outcome, then markets could expect similar actions in Portugal, Ireland and Cyprus.

    Technically speaking, the pair continues to attract sellers on pullbacks. After making a lower low (1.1097), the pair is currently traded at a lower high (1.1270). Chances are that not breaking 1.1290 would see the pair making a new lower low at around 1.1050 and later targeting weekly support1 at 1.0985. On the other side, a break of 1.1290 could see the pair advancing to 1.1332 ? a pivot point for this week.

  2. #2
    Member
    Join Date
    Jun 2013
    Posts
    86
    Thanked: 0

    Default

    The pair has been relatively stable , might be any movement in the next week. Release of unemployment data might effect USD.

  3. #3
    Member tuster's Avatar
    Join Date
    Sep 2015
    Posts
    57
    Thanked: 0

    Default

    Having confirmed the lower border, the pair has a good chance of climbing up to 1.1333-1,1375

  4. #4
    Member tuster's Avatar
    Join Date
    Sep 2015
    Posts
    57
    Thanked: 0

    Default

    It is noteworthy that profitability of both US Securities and German bonds is declining. The pair in general preserves a horizontal flat channel 1.1084-1.1372. Buying from 1,1150 is likely to be in priority.

  5. #5
    Member tuster's Avatar
    Join Date
    Sep 2015
    Posts
    57
    Thanked: 0

    Default

    Bears got a temporary support from Draghi. Apparently the outlook is correction to the north. In the short term view, it is better to take purchases backed by Stop orders. Attention to the levels of 1.1317 and 1,1494

  6. #6
    Member tuster's Avatar
    Join Date
    Sep 2015
    Posts
    57
    Thanked: 0

    Default

    The main recommendation is still to buy. The levels of 1.1072 and 1.1140 are the levels we pay attention to

  7. #7
    Member
    Join Date
    Nov 2015
    Posts
    58
    Thanked: 0

    Default

    If we compare the last trading week, it was somewhat difficult to predict how the price will behave on this currency pair. Now, more and more clearly, remains open and active transactions for sale

  8. #8
    Member
    Join Date
    Nov 2015
    Posts
    58
    Thanked: 0

    Default

    Although I had an open transaction on this currency pair still I was not sure until the end that something will come of it. In a week the price was only able to slightly change its position

  9. #9
    Member
    Join Date
    Nov 2015
    Posts
    58
    Thanked: 0

    Default

    Trading analysis at the beginning of this week, showed that for the whole week for the price unlikely to seriously change its position, so there are no open transactions

  10. #10
    Member
    Join Date
    Nov 2015
    Posts
    58
    Thanked: 0

    Default

    in ro ham eslah kon:
    The price of a currency pair continues to fall and is quite rare. I think that is enough to open later today a deal to sell the currency, because soon we should expect a price reversal

Similar Threads

  1. EURUSD: euro hovering around the balance line
    By GersonH in forum Daily Market Analysis
    Replies: 1
    Last Post: 12-27-2018, 02:39 PM
  2. EURUSD: euro back on the decline
    By GersonH in forum Daily Market News
    Replies: 0
    Last Post: 10-03-2018, 12:34 AM
  3. EURUSD: the sideways trend continues
    By GersonH in forum Daily Market Analysis
    Replies: 0
    Last Post: 09-12-2018, 11:06 PM
  4. EURUSD: Euro steady as market participants digest ECB?s decision
    By ForexBrokerInc in forum Daily Market Analysis
    Replies: 3
    Last Post: 10-17-2016, 01:49 PM
  5. Replies: 0
    Last Post: 01-02-2015, 02:12 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Join us